Max Financial Services Limited (MFSL) — Tangible Net Worth Ratio
Max Financial Services Limited (MFSL) has a Tangible Net Worth Ratio of 86.1% as of March 2026. This metric is calculated by deducting intangible assets (Rs8.94 Billion) from net assets (Rs64.20 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See shareholders equity of Max Financial Services Limited for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Max Financial Services Limited Tangible Net Worth Ratio (2004–2026)
This chart shows how Max Financial Services Limited's Tangible Net Worth Ratio has changed across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 86.1%, reflecting net assets of Rs64.20 Billion with intangible assets of Rs8.94 Billion INR. Also explore MFSL net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Max Financial Services Limited (2004–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Max Financial Services Limited from 2004 to 2026, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Max Financial Services Limited (MFSL) total market value.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 86.1% | Rs64.20 Billion | Rs8.94 Billion | Rs1.99 Trillion | ▼ -8.4 pp |
| 2025 | 94.5% | Rs64.03 Billion | Rs3.51 Billion | Rs1.90 Trillion | ▲ +1.2 pp |
| 2024 | 93.4% | Rs43.70 Billion | Rs2.90 Billion | Rs1.63 Trillion | ▼ -0.7 pp |
| 2023 | 94.0% | Rs39.69 Billion | Rs2.37 Billion | Rs1.32 Trillion | ▼ -2.1 pp |
| 2022 | 96.1% | Rs44.85 Billion | Rs1.74 Billion | Rs1.18 Trillion | ▲ +0.0 pp |
| 2021 | 96.1% | Rs36.05 Billion | Rs1.40 Billion | Rs981.32 Billion | ▲ +0.7 pp |
| 2020 | 95.4% | Rs28.19 Billion | Rs1.28 Billion | Rs745.26 Billion | ▼ -0.3 pp |
| 2019 | 95.7% | Rs28.33 Billion | Rs1.21 Billion | Rs672.11 Billion | ▼ -1.6 pp |
| 2018 | 97.4% | Rs33.83 Billion | Rs891.54 Million | Rs552.82 Billion | ▲ +0.7 pp |
| 2017 | 96.6% | Rs30.84 Billion | Rs1.03 Billion | Rs467.39 Billion | ▼ -0.4 pp |
| 2016 | 97.1% | Rs26.68 Billion | Rs781.03 Million | Rs381.46 Billion | ▼ -1.2 pp |
| 2015 | 98.3% | Rs39.19 Billion | Rs675.93 Million | Rs355.03 Billion | ▲ +0.5 pp |
| 2014 | 97.8% | Rs38.70 Billion | Rs842.16 Million | Rs291.17 Billion | ▼ -0.1 pp |
| 2013 | 98.0% | Rs37.63 Billion | Rs764.39 Million | Rs247.78 Billion | ▼ -2.0 pp |
| 2012 | 100.0% | Rs33.48 Billion | Rs0.00 | Rs207.76 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | Rs20.36 Billion | Rs0.00 | Rs169.38 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | Rs21.67 Billion | Rs0.00 | Rs132.68 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | Rs18.43 Billion | Rs0.00 | Rs79.36 Billion | ▲ +33.7 pp |
| 2008 | 66.3% | Rs19.66 Billion | Rs6.63 Billion | Rs64.59 Billion | ▲ +12.7 pp |
| 2007 | 53.6% | Rs7.21 Billion | Rs3.35 Billion | Rs32.54 Billion | ▼ -15.4 pp |
| 2006 | 69.1% | Rs7.40 Billion | Rs2.29 Billion | Rs21.51 Billion | ▼ -24.5 pp |
| 2005 | 93.6% | Rs4.05 Billion | Rs260.92 Million | Rs14.03 Billion | ▼ -1.7 pp |
| 2004 | 95.2% | Rs3.04 Billion | Rs145.22 Million | Rs6.09 Billion | — |